KSU Kansas City Southern

Filed by Kansas City Southern

Pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Company: Kansas City Southern

(Commission File No. 001-04717)

Date: September 15, 2021

Kansas City Southern (“KCS”) is making available the following communications through the website www.futureforfreight.com, a website maintained by KCS providing information relating to its proposed merger with Canadian Pacific.

CP-KCS IS THE ONLY VIABLE CLASS 1 COMBINATION CP offer for KCS declared “company superior proposal” by KCS board. Canadian Paciíc announced that it has completed a new proposed merger agreement with Kansas City Southern (“KCS”), which the KCS Board of Directors has declared a “Company Superior Proposal.” KCS has notiíed CN that it intends to terminate KCS’s merger agreement with CN and enter into the deínitive agreement with CP. CP stands ready to execute a deínitive merger agreement to create the írst U.S.-Mexico-Canada railway and enhance competition in the North American rail network. Click here to read about the CP-KCS superior

proposal. “As we have said throughout this process, CP remains committed to everything this opportunity presents. This merger proposal provides KCS stockholders greater regulatory and value certainty. We are excited to move forward as we work toward making this perfect match a reality.”

A COMBINATION BETWEEN CP AND KCS WOULD BE PRO-SERVICE, PRO-COMPETITION, PRO-GROWTH AND PRO-ENVIRONMENT CP continues to pursue its application process for a potential acquisition of KCS so that the STB can review the pro-competitive CP-KCS combination without undue delay. CP-KCS is the only truly end-to-end and viable Class 1 combination, and would create compelling short- and long-term value for our collective customers, shareholders, employees and other stakeholders. CP-KCS is the only true end-to-end Class 1 combination that serves the public interest ‘preserving and enhancing’ competition for customers and enabling a stronger North American rail network connecting Canada, the United States and Mexico. CP-KCS is an achievable combination that has a path to approval and deal certainty for the KCS shareholders. A COMBINATION BETWEEN CP AND KCS WOULD BE PRO-SERVICE, PRO-COMPETITION, PRO-GROWTH AND PRO-ENVIRONMENT CP continues to pursue its application process for a potential acquisition of KCS so that the STB can review the pro-competitive CP-KCS combination without undue delay. CP-KCS is the only truly end-to-end and viable Class 1 combination, and would create compelling short- and long-term value for our collective customers, shareholders, employees and other stakeholders. CP-KCS is the only true end-to-end Class 1 combination that serves the public interest ‘preserving and enhancing’ competition for customers and enabling a stronger North American rail network connecting Canada, the United States and Mexico. CP-KCS is an achievable combination that has a path to approval and deal certainty for the KCS shareholders.

President and CEO Keith Creel statement on track record of total shareholder return

Key Advantages of a CP-KCS Combination Enhanced competition and unsurpassed levels of service, safety and economic efíciency for shippers and communities across the U.S., Mexico and Canada. Reduced rail trafíc, fuel burn and emissions in Chicagoland leveraging CP’s route through Iowa connecting KCS-served points and the U.S. Upper Midwest/Western Canada. Unprecedented reach via new single-line hauls across a combined CP-KCS network, offering:

Mexican border and the U.S. Upper Midwest Improved service and access to Vancouver and Minneapolis-St. Paul via CP’s routes into Western Canada New single-line hauls linking key automotive manufacturing and distribution centers in Mexico and the U.S. Upper Midwest and Canada

OUR SUPPORTERS More than 730 in support of a CP-KCS combination and 330 plus expressing concern about a CN-KCS combination We want to thank the following for their support for a CP-KCS combination: Alderman Holloway Harvey Park District Village of Hazel Crest, Rep . DeFazio Letter – Ward 3 of the City of (IL) Letter – June 28, IL Letter – June 28, July 26, 2021 Quitman, MS Letter –2021 2021 June 28, 2021 South Suburban Mike Walker , DeWitt Berkshire Home City of Markham, IL Region Chamber of County (IL) Solutions (Plymouth, Letter – June 28, 2021 Commerce Letter – Sheriff Letter – June MN) – June 28, 2021 June 28, 2021 28, 2021 North Dakota Letter from Waukesha Arkansas State Rep . SMART -Transportation Congressional County County Board Mike Holcomb Letter Division Letter – June Delegation Letter – Supervisor – June 18, – June 24, 2021 13, 2021 June 25, 2021 2021 Transportation South Dakota Grain & District Lodge 19 of Allied Rail Unions CN Communications Feed Association the IAM Letter – June Letter – June 7, 2021 Union/IAM Letter –Letter – June 11, 2021 7 June 7, 2021

CP’s Submission of Additional Statements Metropolitan Mayor’s Village of Barrington, TCRC MWED Letter –on Proposed Caucus Letter – May IL Letter – May 7, May 28, 2021 Transaction – May 17, 11, 2021 2021 2021 CP’s Submission of Inde x of Statements Additional Statements Read the Opposition Commenting on CN-on Proposed to CN’s Unsolicited KCS T ransaction –Transaction – May 3, Bid – April 23, 2021 April 26, 2021 2021 Entities Expressing Superiority of a CP-KCS Transaction and Opposition to CN-KCS Proposal 5 Suns T ransloading 84 Lumber Company A & A Paving Ltd. / A & A Civil Contacting Ltd AC Logistics, Inc. A ccess Entry Systems AdvantageVM Corp . AEG Fuels LLC AG Processing Inc. Albatrans Canada Inc. Alberta Prairie Steam T ours Ltd. Allen Mauk American Bean LLC Bay and Bay T ransport Beaver Freight Services, LLC Berthold Farmers Elevator , LLC. Bestway Cartage Limited Bison T ransport Boss Lubricants Buchanan Lumber Mobile , Inc. Bulk Logistics Inc. BURNCO Rock Products Ltd. CAD Railway Industries Ltd. Caine Warehousing Ltd. Canada Drayage Inc. Canoe Forest Products Caravan Supply Chain Cecelia S. Johnson CENIBRA Inc. Central Farm Service Ceres Global Ag Corp . Choquette Grains Inc. CHS Inc. City of Clinton City of Quitman, Mississippi City View Fuel, LLC. Clayton County Recycling Inc. Consolidated Fastfrate Inc. Continental Cosmetics Ltd. Continental Logistics L TD Crawford Oil Co . Inc. Crow Wing Recycling Curbside Construction Ltd. Dakota, Missouri Valley and Western Railroad Data Communications Management Corp . Kaycan Ltd. Kaytec Inc. Keltic Transportation Kensal Farmers Elevator KP Building Products Ltd. K+S North America Corporation La Milanaise Langley Oil Company LLC Logistics Helper Inc. Logistique Caname x Inc. Maddo x Logistics Ltd. MacCosham Inc. Maddo x Logistics Ltd. Maine Propane Distributors, Inc. Meadowland Farmers Coop Midwest Bulk T ransload Miller Precast Ltd. Muscatine Chamber of Commerce MX Solutions National Cold Chain Inc. NDGGA New Brunswick Premier New-Way T rucking Ltd. North Dakota Grain Dealers Association North West T erminal Northern Plains Railroad Nulogx, Inc. Ontario Southland Railway Inc. ORR Safety Ostara Nutrient Recovery T echnologies Inc. Panel Construction Ltd. Park Farm Grains Ltd. Pattison Sand Company Pinnacle Polymers, LLC. Pique Supply Corporation PFL Petroleum Services Limited Port Arthur T erminal LLC Pro Ag Farmers Co-Op Produits Minera Inc. Progressive Rail Incorporated Re-T ransportation R.G. Phillips Group of Companies Inc. Rhomberg Sersa North America Rivers Edge T erminals

ENX Inc. Eurochem North America Corporation Ex ecutive T ree Service Inc Farmers Coop Elevator Farmers Co-Operative of Hanska Farmers Elevator Company of Honeyford Federal White Cement Ltd. F.J. Robers Co ., Inc. Forest River Bean Co . Fullerton Farmers Elevator FW Cobs Company G&B Fuels Inc. Galaxy Freightline Inc. Galaxy Plastics Ltd. and Bren T echnologies Inc. GAF Inc. Gasaway Farms GDI Integrated Facility Services Global Furniture Group Global Upholstery Co . Inc. Grain Densi í cation International, LLC. Grand Prix Inc. Great Northern Grain T erminals Ltd. Great Northern T ransport Inc. Great Sandhills Railway Ltd. Great Western Railway Greenlight T rafí c and Distribution Inc. Greenway Animal Nutrition Groenewegen T ruck Brokers Inc. G. Thompson Livestock Co . Inc. Guanajuato Energy T erminal LLC GX T ransportation Hansen’s Releasing Company Harbour Metals Recycling Ltd. Henry Bath Homeward Bound Properties Horizon Grains Ltd. IMCO International Steel T rading Inc. Impact Construction Inc. Industra Construction Corp . IPD LLC Iowa Southern Railway Iowa T raction Railway Iron Horse T ransloading J. Carpenter Environmental, LLC. Jimmy Burland Karan Pujji Simba T ransload Ltd. SMART T ransportation Division General Committee of Adjustments 261 SMART T ransportation Division General Committee of Adjustments 987 South Dakota Grain & Feed Association Southland Pulse Inc. South West T erminal SP AAR Sprague Operating Resources LLC SSAB Enterprises, LLC Standard Rail Corporation State of Oklahoma Representative Stewart Southern Railway Supreme Structural T ranport Ltd. Target T ransportation TDWP Partners LLC Teamsters Canada Rail Conference Maintenance of Way Employees Division Tepper Holdings Inc. Terra Contracting Ltd. The Arthur Companies Timiron LLC Tony Doom Supply Company Torch River Rail Inc. Transcare Logistics Corporation Transload Logistics Corp . Transmark Ltd. Transport Procal Transport Services & Logistics Canada Ltd. Trendwood Limited TYT Group Inc. Up On Me Imports Inc. U .S. Industrial Machinery USD Group LLC V Modal Me xicana, Sociedad Civil VantEdge Logistics Inc. V eikle Grain Ltd. Victoria Pulse T rading Corporation Western Asphalt Products Weyburn Industrial T ransload Inc. Wheaton-Dumont Coop Elevator Wilton Farmers Union Elevato Woodland Pulp WTC Group Inc. Read the Statements Read the Statements Read the Statements Read the Statements and Letters of Support and Letters of Support and Letters of Support and Letters of Support – June 21, 2021 – June 1, 2021 – April 20, 2021 – April 12, 2021 Read the Statements Read the Statements and Letters of Support and Letters of Support – April 6, 2021 – March 31, 2021

Entities Expressing Support of a CP-KCS Transaction Shippers 5 Suns T ransloading ABDW Logistics, LLC AC Logistics, Inc. Adroit Overseas Enterprises Ltd. AEG Fuels LLC Aeropres Corporation AgMotion Pet Food Ingredients Ag Processing Inc. Agre x Inc. Agrocorp Processing Limited Albatrans Canada Inc. Alberta’s Industrial Heartland Association Alberta Midland Railway T erminal Ltd. Alerio Marketing Inc. Algoma Steel Inc. Alliance Recycling Group American Iron and Metal Inc. A.P . Moller – Maersk APM T erminals Lazaro Cardenas APPRO Development, Inc./Cerron Commercial Properties APPS T ransport Group Arbec Lumber Inc. Arntzen Corporation Arrow T ransportation Systems Inc. Arthur Companies ASL Distribution Services Ltd. Aspen Planers Ltd. Auto Lineas America A V T errace Bay Inc. Axis Warehouse LLC Axsun Inc. Azelis Canada Barr-Ag Ltd. Barry Callebaut Bartlett and Co . Bay and Bay T ransportation Bell Gaz and Energie Sonic Benga Mining Limited Bentonite Performance Minerals LLC Bestway Cartage Limited BioUrja T erminals & Land, LLC Bison T ransport Boise Cascade Boral Industries Inc. Border Ag & Energy Coop Border Chemical Company Limited Boss Lubricants BridgePoint Logistics Inc. Brookstone Specialty Services, Inc. Buchanan Lumber Mobile , Inc. Bulkmatic de Me xico Bulkmatic T ransport CAM II Warehouse , Inc. Canadian International Freight Forwarders Association Canadian Tire Corporation Canpote x Ltd. Caravan Logistics Inc. Caravan Supply Chain Inc. C.A.T . Global Logistics Celtic International, a Transplace Company Centennial Energy , LLC Centerville Iron & Metal Inc. Centerville Produce LLC/Centerville Feed Processing Statements of Support Amar T ransport American Plant Food Citi-Cargo & Storage Co ., Inc. Lee Container Maddo x Logistics Limited and T JC’s T ransportation Solutions Ltd. Railroad T echnology Corporation Retail Council of Canada The Andersons T rade Group Victoria Pulse T rading Corp . State and Local O_ cials and Chambers of Commerce American Chamber of Commerce of Me xico, A.C. Birchwood Ford Sales Bossier Chamber of Commerce Canoe Forest Products Cargo Montreal City of Belton, Missouri City of Clinton City of Marquette , Iowa City of Muscatine , Iowa City of Ottumwa, Iowa City of Quitman, Mississippi Eddie Fulton City of Ruston City of Saint John Daaquam Lumber Maine Inc. Committee of One Hundred, Inc. Greater Shreveport Chamber of Commerce Iowa State Representative , District 12 Logistics Helper Inc. Louisiana State Representative , District 6 Medline Canada Metropolitan Milwaukee Association of Commerce North Louisiana Economic Partnership Oklahoma Rural Association Premier of New Brunswick Blaine M. Higgs Sable Marco Inc. State of Louisiana Economic Development Transport BMA Twin Rivers Paper Company LLC Wylie Economic Development Corporation Ports Montreal Port Authority Port Milwaukee Port of Brownsville Port of New Orleans/New Orleans Public Belt Railroad Port of Port Arthur Navigation District of Jefferson County Port of V eracruz, S.A. de C.V . Puerto de Lázaro Cárdenas Saint John Port Authority Other Railroads Boundary T rail Railway Co . Cando Rail Services Ltd. – British Columbia

CF Industries CFR Chemicals Charles City Rail T erminal, LLC Chemtrade Logistics Inc. CHS Inc. Church & Dwight Co ., Inc. Clayton County Recycling Inc. CMA CGM (America) LLC Coca-Cola Canada Bottling Limited Columbia Forest Products Conagra Brands Consolidated Fastfrate Inc. Continental Intermodal Group LP Continental Logistics Ltd. Cornerstone Systems COSCO SHIPPING Lines (North America) Inc. Covia Holdings LLC Crow Wing Recycling CTI Freight Systems Inc. Custom Bulk Services Inc. Custom Stud, Inc. CW Metals C. Czarnikow Sugar Me xico, SA de CV Daaquam Lumber Maine Inc. Dakota Gold T ransfer-Plaza DEACERO , S.A.P .I. de C.V . DeMan Construction Corp . Desarrollos Ambois, S.A. de C.V . DFK Enterprise , Inc. Dollarama Dominion Railway Services Ltd. Domtar Corporation DP World – Americas EACOM Timber Corporation Edmonton Railway Contracting Ltd. E.J .R. Reload Inc. Elbow Lake Co-Op Grain ENX Inc. Esse x Terminal Railway ETG Commodities Inc. EuroChem North America Corp . Eusu Logistics Evergreen Shipping Agency (America) Corp . EVRAZ North America Express System Intermodal, Inc. Farmers Coop Elevator of Rosholt Farmers Co-Operative of Hanska Farmers Elevator Company of Honeyford, ND Farmward Cooperative Fastfrate Integrated Logistics Ferrous Processing & T rading Co . Ferroservicios, S.A. de C.V . Fisher Wavy Inc. F.J. Robers Co ., Inc. FMI Logistics Inc. Food, Health, and Consumer Products of Canada Forest River Bean Co ., Inc. Fraser Plastics Ltd. Fremantle T railer Repairs Ltd. Full Circle Ag Fullerton Farmers Elevator Fuze Logistics Services Inc. F.W . Cobs Company G3 Canada Limited GAC Chemical Corporation GAF Gavilon General Recycling Industries Ltd. General T ransport Inc. Central Midland Railway Chicago , St. Paul & Paci í c Railroad Dakota, Missouri Valley and Western Railroad Genesee & Wyoming Inc. GIO Railways Corporation Great Sandhills Railway Ltd. Great Western Group Iowa Southern Railway Iowa T raction Railway Lake Line Railroad Inc. Minnesota Northern Railroad New Orleans Public Belt Railroad (see Port of New Orleans) Northern Plains Railroad Inc. Ontario Southland Railway Inc. Progressive Rail Incorporated Reading Blue Mountain & Northern Railroad Southern Railway of British Columbia Limited Stewart Southern Railway Twin Cities & Western Railroad Company V ermont Rail System Watco Other Supporters 4Refuel 919346 Alberta Ltd. A&A Paving Ltd. A&B Rail Services Ltd. A&K Railroad Materials, Inc. A. Stucki Company A ccommodations Plus International A cklands-Grainger Inc. AJ Bennett Construction Ltd. Alberta Laminations Alberta Prairie Railway ALC Companies Inc. All American T rack, Inc. Alliance Crane Inc. Alliance Wheel Services, L.L.C. Alstom Amsted Rail Company , Inc. Aspen T ree Services, Inc. Athena Industrial Services Inc. Automotive Rentals, Inc. A V A Maintenance Management Inc. A VI-SPL Bell & MacKenzie BossPac Engineering & T echnology Brandt Construction Co . Brentwood Enterprises Broda Group LP Bowdark Consulting, Inc. C-Can Power Systems CAD Railway Industries Ltd. Caltrax, Inc. Canad Inns Canada Drayage Inc. Canadian Heartland T raining Railway Canadian Rail Car Cleaners Inc. Canadian Red Cross Canam Bridges Canada Inc. Cariboo Central Railroad Contracting Ltd. Cattron CBS Property Management Inc. Central Coupler Reclaim Centera T ransport Inc. CIT Rail

Gopher Resource Grand Prix Inc. Great Northern Grain T erminals Ltd. Great Northern T rans-Port Inc. Green Bay Packaging, Inc. Green í eld Construction Green í eld Global Inc. Greenlight T rafí c and Distribution Inc. Greenway Animal Nutrition Groupe Robert G. Thompson Livestock Co . Inc. Guanajuato Energy T erminal GX T ransportation Hapag-Lloyd (America) LLC. Harbour Metals Recycling Ltd. Hardisty Energy T erminal Limited Partnership HCL Logistics Inc. H.J . Baker Sulphur Canada ULC HMM (America), Inc. Holman Farming Group Hopewell Logistics Horizon Grains Ltd. Howard Energy Partners Hudson’s Bay Hyundai Glovis Ice B’Gone Magic – T aconic Maintenance IMCO International Steel T rading Inc. Independent Dispatch, Inc. Independent Energy Corp . Indorama V entures Polymers Mé xico, S. de R.L. de C.V . Interfor Corporation Internacional Regiomontana de A cero , S.A. de C.V . Interoceanic Corporation Interstate Asphalt Corp . Iron Horse T ransloading Irving Oil ITW Hi-Cone James Valley Grain LLC. J Carpenter Environmental, LLC. J.D . Irving, Limited J.D . Irving, Limited, Pulp & Paper Division J.D . Irving, Limited, Sawmills Division JEI, Inc. JGL Commodities Ltd. Jim Donnan Companies K+S North America Corporation Kansas City Smartport, Inc. Kaycan Ltd. Kaytec Inc. Keltic Transportation Kensal Farmers Elevator Company Kent Corporation Kindersley T ransport Ltd. Kirkeide’s Northland Bean and Seed Co ., Inc. Kiros Energy Marketing Klingberg T rucking Inc. KP Building Products Ltd. Kraft Heinz Kruger Inc. L. Hansen’s Forwarding Ltd. La Milanaise Inc. Lafarge Canada Lakeside Foods Inc. Landmark Countryside Cooperative LC Logistics GPS Lehigh Hanson Les T ourbières Berger Ltd. Loblaw Companies Limited Locher Evers International Clifton Engineering Group Compressed Air & Equipment Co . Continental Earthmovers Ltd. ConvergentIS Cooper Equipment Rentals Limited CORYS Inc. Crawford Oil Co ., Inc. Cridland’s Cartage Ltd. Curbside Construction Ltd. Custom Riggers (1988) Ltd. D&D Ex cavating & Hauling Ltd. Danella Rental Systems, Inc. Data Communications Management Corp . Davey T ree Expert Company Dayton Phoenix Group Dean Snyder Construction Dehn Oil Company Dell Technologies Delta Railroad Construction Dillon Consulting Limited DMM Energy Inc. DMS Rail Ltd. Dobbyn Electric Services Ltd. Dooley’s Petroleum, Inc. DPS Electronics, Inc. Dubois Chemicals Inc. E80 Holdings, Inc. Eagle Professional Resources Eco-A quatech Ed Garrow and Sons, Inc. Elliott Bulk Services, LLC enCompass Solutions Group Ltd. Enduron Inc. Enterprises L.M. ESI Rail Ltd. Euroway Industrial Service Co . Ltd. Evolution Environmental Ltd. Ex ecutive T ree Service Inc. Fibernet Services Ltd. Flynn Canada Ltd. Forty Mile Rail Freightcar Fueliner LLC G&B Fiels Inc. Gardewine Group LP Gilbert Supply Co . Global Montello Group Golden Ratio Estimating Goldstar T rucking Ltd. Green Stream Lawn and V egetation Management Inc. Grid Link Groupe JMG Construction Inc. H&T Engineering, PLLC Hallcon Corporation Hansen’s Releasing Company Harsco Rail Hemmera Envirochem Inc. Heritage Electric Ltd. Herzog Railroad Services, Inc. High Country Vac Services HiRail Leasing Holaco Construction Ltd. Holden America IL, LLC Holland, L.P . Impact Construction Inc. Industra Construction Corp . Industries JPB ING Civil Incorporated Ingersoll Rand

M&J T otal Transport & Rigging Inc. Mactrans Logistics Inc. Maine Propane Distributors Maine Woods Company , LLC Mapei Inc. Maritime World Logistics Inc. Matrix Chemical, LLC MaxYield Cooperative Meadowland Farmers Coop Medline Canada Medlog Canada Mercado de Arenas Silicas S.A. de C.V . Mercuria Energy America, LLC Mercury Resources LLC Me xican Association for the Automotive Industry (AMIA) Midstream Energy Partners Midwest Bulk T ransload Micro Oil Inc. Miller and Company LLC Miller Precast Ltd. Millar Western Forest Products Ltd. Montreal Gateway T erminals More Than Just Feed Inc. Mutual T ransportation Services Inc. National Cold Chain Inc. National Importers & Exporters Association of Me xico (ANIERM) Nestle Canada Inc. Nestle USA Nethercott Ex cavating Limited Networks Group NEW Cooperative , Inc. New Ulm Steel & Recycling New World Fuel, S.A. de C.V . New World Global, LLC NFI Industries Nichol and Diamond Consulting Ltd. North Atlantic International Logistics Inc. North Dakota Grain Dealers Association North Prairie Ag North West T erminal Ltd. Northcoast Reload Inc Northern Country Coop Northland Products Company Ocean Network Express Ocean Network Express, (North America) Inc. OEC Group OK Foods Oleet Processing Ltd. dba O&T Farms Oleum Energy Solutions, LLC Olimag Sands Inc. OOCL Ltd. Ostara Nutrient Recovery T echnologies Inc./Ostara USA LLC Overland Container T ransportation Services Ltd. Park Farm Grains Ltd. Partnership Mosaic Company Paterson GlobalFoods Inc. Pattison Sand Company Performance Of í ce Papers Pestell Pet Products Inc. PFL Petroleum Services Limited Phoenix Park Energy Marketing LLC Pique Supply Corp . Pleasant River Lumber Co . Inc. Port Arthur T erminal LLC Potters Industries Premay Pipeline Hauling LP Priam Logistics Inc. Pro Ag Farmers Coop Pullman Innovations Interstate-McBee Interstate Diesel Service Inc. IntiSolutions Group Ironhorse Railroad Contractors Ltd. Jim Pattison Lease J.F. Brennan Company , Inc. JJM Construction Ltd. J Line T rucking Inc. J. Wilk Landscaping Ltd. John Hunter Company John W . Sheehan and Sons, Inc. Just Write Ink K -Five Construction Corporation KGS Group Kije Sipi Ltd. Kish & Son Electric, Inc. KLD Labs, Inc. Klos Logistics Kno x Kershaw Inc. Koppers Inc. L.B. Foster Lewis Bolt & Nut Company Lighting Maintenance , Inc. Loram Maintenance of Way , Inc. Lyons & Pinner Electric Companies Maackon Corporation Mac-Air Compressor Ltd. MacCosham Inc. Mackey Electric, Inc. Maggio T ruck Center , Inc. Maine T rack Maintenance Inc. Maple Leaf Construction Ltd. M.E.L. Cartage Ltd. Michael O’Keefe Limited Michels Commercial Aggregates Midstates Rail, LLC Mill Creek Mining Milrail Inc Modern Manufacturing MP Johnson Construction, Inc. MVM Rail Inc. Myshak Crane & Rigging Ltd. NAC Mechanical and Electrical Services Narrow Passage Rail National Railway Equipment Co . National Steel Car Limited New Way T rucking Ltd. New West T ruck Centres New Y ork Air Brake LLC Nordco Norpac Construction Inc. NTC Logistics Nulogx Ocean T railer O’Dell Electric Ltd. Omega Industries Inc. Omni Rail Inc. On-Site Fleet Services Ontime Petroleum ORR Safety OWS Railroad Construction & Maintenance Ltd. Pandrol Panel Construction Ltd. Parsec Intermodal Patco Industries, Inc. Payne T ransportation Ltd. Pepco Pinnacle Engineering PowerRail Distribution, Inc. Precision Pipe and Products, Inc.

Rahr Malting Company Re T ransportation, Inc. Red Leaf Pulp Renewable Products Marketing Group R.G. Phillips Group of Companies Inc. Richardson International Limited Rocanda Enterprises and Rocanda USA Shipping Federation of Canada Routes T ransportation Group Sable Marco Inc. Sacramento Energy Resources, LLC Sand T echnologies, Inc. Salt Source LLC dba U .S. Salt Saskatchewan Mining and Minerals Inc. Sethness Roquette Sharp Base Shipping and T ransport (Canada) Ltd. Simard T ransport Simba T ransload Ltd. Simpson Seeds Inc. Sky Eye Measurement Smart Sand Inc. Soprema Inc. Southland Pulse Inc. South Dakota Grain & Feed Association South Junction Enterprises South West T erminal Sprague Operating Resources LLC SSAB Americas Standard Rail Corporation STCH Inc. Stella-Jones Corporation Sterilite Corporation St Marys Cement Stone Arch Commodities StyroChem Canada Suministros Industriales Potosinos, S.A. de C.V . Sun T ransportation Systems Sunrise Foods International, Inc. Supreme Structural T ransport Ltd. Taslar Trading Corp Tepper Holdings Inc. Ternium Me xico S.A. de C.V . Tervita Corporation Texas Deepwater Partners LLC TFI International Inc. The Greenbrier Companies, Inc. The Mountain View Group Thomson Reuters Thunder Bay T erminals Ltd. Tiger Calcium Services Inc. Timiron LLC Tolko Marketing and Sales, T olko Industries Ltd. Topocean Consolidation Service , Inc. Torch River Rail Inc. Toronto Region Board of T rade Toronto T ransportation Club Torq Energy Logistics Ltd. Trafí c Tech Inc. Transcare Logistics Corporation Transload Distribution Association of North America Transload Logistics Corp . Transmark Ltd. Transport Procal Transport Services & Logistics Canada Ltd. Traxxside T ransloading Trendwood Limited TSIM Internacional, S.A. de C.V . Tuscarora Grain Co ., LLC Twin Rivers Paper Company LLC TYR Food Products Inc. Progress Rail Prudential T ransportation Ltd. Quadcon Group Inc. R. J . Corman Railroad Group LLC R & W Machine Division Warner Industries, Inc. Ram Environmental Response Ltd. Rail Signal Systems Red River Air Brake Inc. Reefer Sales & Service Remcan Projects LP Rempre x LLC Rhomberg Sersa North America Right of Way Consulting, Inc. Rome T ransportation Ronsco RTR T erra Contracting Ltd. Runde Metal Recycling, LLC Rural Road Construction Rybak Companies, Inc. Sacchetti Construction Ltd. SBJ Services Schlomka Services LLC Searcy T rucking L TD . Shortreed Construction Inc. Silverado Industries Inc. Simmons Machine T ool Corporation S.i. Systems Partnership SkyFire Energy Slimdor Contracting Ltd. Spécialiste d’Ouvrager d’ Art CSTP inc. Specialized Response Solutions Canada, Inc. Speers Construction Inc. Sperry Rail Service Staal Utility Inc. Standard Mechanical Systems Limited Standard Steel LLC Stantec Stella-Jones Corporation Stennes Ex cavating LLC Storm Mountain T echnical Services Strato , Inc. Streck’s Machine Sumitomo Canada Ltd. SW Bridge Engineers, LLC Talarico Excavating Ltd. TBT Engineering Limited Teleweld Inc. Terminal-Andrae Inc. The Timken Company Thermo King Eastern Canada TLF Dirtworx Inc. TLR Management Toplife Enterprises TPN Solutions Traction Canada Tru-Craft Roo í ng (2005) Ltd. Tru-Line Surveys Ltd Tybo Constructors Ltd. United Petroleum T ransport Ltd. United Steel and Fasteners Inc. Usher T ransport Vanro Oil Supplies & Rentals Ltd. V ector Construction Ltd. V eit & Company , Inc. Vicinity Transportation Vickery Electric Contracting Limited Wabtec Corporation Wainbee Limited Weaver Consultants Group

US Commodities, LLC U .S. Rail & Logistics, LLC USD Group LLC USD T erminals Canada Usine Sartigan Inc. V Modal Me xicana, Sociedad Civil Valero Marketing and Supply Company VantEdge Logistics Inc. Van-Kam Freigtways Ltd. V eikle Grain Ltd. Villaume Industries Vision T ransportation Systems Inc. Viterra Canada Inc. V ogelsberg T rucking Inc. V olume Freight Solutions Inc. W .A. Grain & Pulse Solutions W . Robins Consulting Ltd. Wake í eld Canada Inc. Water T rain Inc. Welded T ube of Canada West Coast Reduction Ltd. Western Asphalt Products Western Logistics Inc. Weyburn Industrial T ransload Inc. Wheaton-Dumont Co-Op Elevator Wilton Farmers Union Elevator Windstar LPG, Inc. Woodland Pulp LLC WTC Group Inc. XPO Logistics, Inc. XTL T ransport Inc. Y ang Ming (America) Corp . Zekelman Industries ZIM Integrated Shipping Services (Canada) Co . Ltd. Whissell Contracting Ltd. William Day Construction Limited Winmar Kootenay Wood Environment & Infrastructure Solutions, Inc. Z Source Equipment (2405238 Ontario Incorporation) ZTR

NEWS September 12, 2021 September 4, 2021 September 1, 2021 Press Release: CP Offer for KCS Declared Press Release: CP looks forward to re-engaging Chair of the House Committee on Transportation “Company Superior Proposal” by KCS Board with KCS to form CP-KCS, the only achievable and Infrastructure: Chair DeFazio Applauds Class 1 combination Surface Transportation Board for Unanimously Rejecting the Proposed Canadian National and Kansas City Southern Trust August 31, 2021 August 19, 2021 August 13, 2021 Press Release: STB Unanimously Rejects CN Press Release: CP Applauds KCS Board’s Action Press Release: CP Welcomes Glass Lewis Call for Voting Trust Leaving KCS in Position to Choose to Adjourn Stockholder Meeting so Stockholders KCS Stockholders to “ABSTAIN” From Voting to CP as the Right Partner Can Fully Consider an STB Decision on CN Voting Approve CN-KCS Merger Proposal Trust August 12, 2021 August 12, 2021 August 10, 2021 Press Release: CP Commends Proxy Advisor ISS Press Release: CP applauds KCS Board of Press Release: Canadian Paci. c Submits for Recommending KCS Stockholders “ABSTAIN” Directors’ Decision to Delay Stockholder Vote Superior Proposal to Combine with Kansas City From Voting to Approve CN-KCS Merger Proposal Southern

August 2, 2021 July 29, 2021 July 26, 2021 Press Release: CP Statement on STB Decision Press Release: CP Files Proxy Statement Asking Press Release: U.S. House Transportation Relating to Access to KCS Information Needed to KCS Shareholders to Vote Against the Proposed Committee Chair Says CN Voting Trust ‘Not in the Prepare Merger Application CN-KCS Merger and Adjourn Shareholder Vote Public Interest’ in Letter Submitted to STB July 9, 2021 July 7, 2021 June 29, 2021 Press Release: CP Comments on Biden Executive Press Release: CN Continues to Duck Key Issues Press Release: CP Files Reply to CN-KCS Urging Order Addressing Competition in the American in Voting Trust Filing with STB STB to Reject CN-KCS’ Voting Trust Proposal Economy June 28, 2021 June 28, 2021 June 28, 2021 Press Release: More Unions Across North Press Release: Amtrak Files with the STB in Press Release: North Dakota Congressional America Call on STB to Reject CN Voting Trust Opposition to CN’s Use of a Voting Trust Delegation Submits Letter to STB Supporting a Canadian Paci{c Combination with Kansas City Southern June 24, 2021 June 21, 2021 June 21, 2021 Press Release: Ag Industry Voices Opposition to Chicago Tribune: Op-ed: Downstate Press Release: 80-plus more Stakeholders Urge CN-KCS’ Proposed Use of Voting Trust, Share communities should be worried too about tra~c STB to Reject CN’s Use of a Voting Trust, Anti-Competitive Concerns snarls with proposed rail sale Bringing Total Opposed to over 330

June 16, 2021 June 15, 2021 June 10, 2021 Railway Age: STB Decision Will Impact Freight Press Release: North America’s Largest Railroad News: Washington Post Ad Rail’s Future Operating Union Joins Others and Calls on STB to Reject CN Voting Trust June 8, 2021 June 1, 2021 May 27, 2021 Press Release: CP responds to STB’s June 28 Press Release: Opposition to CN-KCS’ Proposed Press Release: Canadian Paci. c Comments on schedule for public comment on CN-KCS voting Use of Voting Trust Builds as Stakeholders Voice Inadequate Commitment from Canadian National trust proposal Anticompetitive and Other Concerns to Divest KCS Line Between New Orleans and Baton Rouge May 21, 2021 May 20, 2021 May 20, 2021 Press Release: CP Remains Ready to Re-engage Customer Station Bulletin: CP-KCS Merger Press Release: CP Calls on KCS Board to Reject with KCS; CP to Proceed with STB Application Update from John Brooks, EVP & Chief CN’s Anti-Competitive Proposal Process Marketing O~cer May 18, 2021 May 17, 2021 May 17, 2021 Press Release: CP: CN’s proposed voting trust Press Release: CP-KCS Merger Update from John Press Release: STB applies “heavier burden” timetable is not constructive and not serious Brooks, EVP & Chief Marketing O~cer and greater scrutiny to CN bid for KCS, underscoring heightened regulatory risk

May 17, 2021 May 14, 2021 May 14, 2021 Press Release: Support Grows for CP+KCS as News: Village of Matteson, Illinois: A Canadian Press Release: CP concurs with DOJ comment DOJ A~rms Anticompetitive Concerns with CN National Merger with Kansas City Southern a~rming anticompetitive nature of CN bid for Proposal Would Worsen Chicagoland’s Congestion KCS Problems May 13, 2021 May 13, 2021 May 13, 2021 Podcast: Canadian Paci{c’s Keith Creel, Mark Press Release: Canadian Paci{c comments on Daily Herald: Could railroad merger lead to more Redd and John Brooks Discuss Merging With update from Kansas City Southern freight trains in the suburbs? KCS: RAIL GROUP ON AIR May 10, 2021 May 10, 2021 May 7, 2021 Trains: Chicago suburb claims CN-KCS Press Release: Close to 550 Shippers, Letter: Village of Barrington, Illinois submits combination would create tra~c nightmare Stakeholders Support CP-KCS Combination letter to the STB on CN-KCS merger May 6, 2021 May 3, 2021 May 3, 2021 Press Release: Canadian Paci{c Receives Voting Crain’s: Why this Deal will make Chicago’s Press Release: CN-KCS Combination Facing Trust Approval from Surface Transportation congestion problem worse Mounting Opposition; Reduced Competition Board, Advancing Agreement for CP-KCS Touted as Signi{cant Concern Among Combination Stakeholders

May 2, 2021 May 1, 2021 April 27, 2021 The Globe and Mail: Why CP’s lower bid for Press Release: Canadian Paci. c Files Formal Press Release: CP addresses CN’s contention Kansas City Southern could prevail Objection to Canadian National using Merger that Voting Trust Proposals should be reviewed Waiver that STB Granted to CP/KCS Transaction under same standards and processes April 26, 2021 April 26, 2021 April 24, 2021 Press Release: CP sends letter to KCS Press Release: CP comments on CN’s request to Press Release: Canadian Paci{c comments on reinforcing anti-competitive nature of CN name David Starling as Intended Trustee Procedural Update from Kansas City Southern proposal April 24, 2021 April 21, 2021 April 20, 2021 Press Release: Canadian Paci{c Welcomes the Press Release: Canadian Paci{c highlights why Press Release: Canadian Paci{c comments on Surface Transportation Board Decision to CP-KCS is the one transaction in the public unsolicited, anti-competitive proposal by Uphold Waiver for CP- KCS Combination interest and that the STB processes should Canadian National to acquire Kansas City re|ect that fact Southern

MEDIA Plain Talk Live: What does this rail merger mean for North Dakota? June 15, 2021 Chicago Tribune: A rail merger could mean more Southland tra. c backups June 8, 2021 The Wall Street Journal: This Rail Merger Could Become Quite Expensive May 4, 2021

Bloomberg: CP Rail CEO Aims to Cool Talk of K.C. Southern Bidding War April 28, 2021 Reuters: CP shareholders say bidding war for Kansas City Southern unnecessary April 28, 2021 FreightWaves: Viewpoint: CP-KCS merger makes sense; CN takeover does not April 23, 2021

WCF Courier: CP-KCS merger will drive supply chain eŨciencies for Iowa agriculture April 14, 2021 Railway Age: Going Transnational: Canadian Pacific and Kansas City Southern join forces to create the “USMCA Railroad” April 1, 2021 Financial Post: From the bottom up: CP Rail’s Keith Creel steps out from Hunter Harrison’s shadow to cement his own legacy April 1, 2021

FreightWaves: Viewpoint: Greenlight the pro-shipper CP-KCS combination March 30, 2021 Railway Age: Cowen: CP-KCS Merger Synergies ‘Promising’ March 29, 2021

The Economist: America’s long-ailing manufacturers are fired up March 27, 2021 Bloomberg: Suez Ship Grounding Makes Case for Big Rail Merger March 26, 2021

BNN Bloomberg: Very encouraged by response to Kansas City Southern deal: CP Rail CEO March 26, 2021 Railway Age: CP + KCS a Unique Opportunity March 25, 2021 Barron’s: Why the Canadian Pacific-Kansas City Southern Deal Is Bullish for Railroad Stocks March 22, 2021

Financial Times: Rail Deal is a $29bn bet on trade pact between Canada, US, and Mexico March 22, 2021 CNBC: Canadian Pacific Railway CEO on deal to acquire Kansas City Southern March 22, 2021 Bloomberg Television: Canadian Pacific Rail CEO Calls Kansas City Deal ‘Transformational’ March 22, 2021

RESOURCES Investor Presentation: CP Investor Presentation: Canadian National’s Troubled CP-KCS Map: End to End & Pro reiterates Superior Proposal Canadian Paci. c Railway History with Amtrak Competitive for KCS Superior Proposal to Combine with Kansas City Southern CN-KCS Map: Overlapping Canadian National’s Road to The Better Option for Chicago It’s A Matter of Trust Fact Routes & Anti-Competitive Nowhere Fact Sheet Sheet

Sustainability Fact Sheet Diversity & Inclusion Fact Safety, Technology & CP Minnesota Commitment Sheet Innovation Fact Sheet Fact Sheet

CP-KCS: The Only Viable Class 1 Combination CP-KCS is the only true end-to-end Class 1 combination that serves the public interest ‘preserving and enhancing’ competition for customers and enabling a stronger North American rail network connecting Canada, the United States and Mexico. CP-KCS is a superior combination that has a path to approval and deal certainty for the KCS shareholders. A CP-KCS combination: Creates single line routes to all the markets that a CN-KCS network would reach Brings new competition to and from Upper Midwest markets dominated by BNSF or UP that CN-KCS cannot address Creates new competition versus CN that CN-KCS actually eliminates Has a route network that does not funnel all of its trafíc through the congested Chicago area Unlocks new capacity for Amtrak passenger service, rather than interfering with passenger service between Baton Rouge and New Orleans and south of Chicago

FORWARD-LOOKING STATEMENTS AND INFORMATION This webpage includes certain forward-looking statements and forward looking information (collectively, FLI). FLI is typically identiíed by words such as “anticipate”, “expect”, “project”, “estimate”, “forecast”, “plan”, “intend”, “target”, “believe”, “likely” and similar words suggesting future outcomes or statements regarding an outlook. All statements other than statements of historical fact may be FLI. Although we believe that the FLI is reasonable based on the information available today and processes used to prepare it, such statements are not guarantees of future performance and you are cautioned against placing undue reliance on FLI. By its nature, FLI involves a variety of assumptions, which are based upon factors that may be difícult to predict and that may involve known and unknown risks and uncertainties and other factors which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by these FLI, including, but not limited to, the following: changes in business strategies and strategic opportunities; estimated future dividends; ínancial strength and îexibility; debt and equity market conditions, including the ability to access capital markets on favourable terms or at all; cost of debt and equity capital; potential changes in the CP share price; the ability of management of CP, its subsidiaries and afíliates to execute key priorities; general North American and global social, economic, political, credit and business conditions; risks associated with agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures, including competition from other rail carriers, trucking companies and maritime shippers in Canada and the U.S.; North American and global economic growth; industry capacity; shifts in market demand; changes in commodity prices and commodity demand; uncertainty surrounding timing and volumes of commodities being shipped via CP; inîation; geopolitical instability; changes in laws, regulations and government policies, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; changes i in fuel prices; disruption in fuel supplies; uncertainties of investigations, proceedings or other types of claims and litigation; compliance with environmental regulations; labour disputes; changes in labour costs and labour difficulties; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; sufficiency of budgeted capital expenditures in carrying out CP’s business plan;

services and infrastructure; the satisfaction by third parties of their obligations to CP; currency and interest rate îuctuations; exchange rates; effects of changes in market conditions and discount rates on the ínancial position of pension plans and investments; trade restrictions or other changes to international trade arrangements; the effects of current and future multinational trade agreements on the level of trade among Canada and the U.S.; climate change and the market and regulatory responses to climate change; anticipated in-service dates; success of hedging activities; operational performance and reliability; regulatory and legislative decisions and actions; public opinion; various events that could disrupt operations, including severe weather, such as droughts, îoods, avalanches and earthquakes, and cybersecurity attacks, as well as security threats and governmental response to them, and technological changes; acts of terrorism, war or other acts of violence or crime or risk of such activities; insurance coverage limitations; and the pandemic created by the outbreak of COVID-19 and resulting effects on CP’s business, operating results, cash îows and/or ínancial condition, as well as resulting effects on economic conditions, the demand environment for logistics requirements and energy prices, restrictions imposed by public health authorities or governments, íscal and monetary policy responses by governments and ínancial institutions, and disruptions to global supply chains. We caution that the foregoing list of factors is not exhaustive and is made as of the date hereof. Additional information about these and other assumptions, risks and uncertainties can be found in reports and ílings by CP with Canadian and U.S. securities regulators. Reference should be made to “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations –Forward-Looking Statements” in CP’s annual and interim reports on Form 10-K and 10-Q. Due to the interdependencies and correlation of these factors, as well as other factors, the impact of any one assumption, risk or uncertainty on FLI cannot be determined with certainty. Except to the extent required by law, we assume no obligation to publicly update or revise any FLI, whether as a result of new information, future events or otherwise. All FLI in this webpage is expressly qualiíed in its entirety by these cautionary statements. ABOUT CANADIAN PACIFIC Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit www.cpr.ca to see the rail advantages of CP. CP-IR ABOUT KCS Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS’ North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com

ADDITIONAL INFORMATION ABOUT THE TRANSACTION AND WHERE TO FIND IT CP will file with the U.S. Securities and Exchange Commission (SEC) a registration statement on Form F-4, which will include a proxy statement of KCS that also constitutes a prospectus of CP, and any other documents in connection with the transaction. The definitive proxy statement/prospectus will be sent to the shareholders of KCS. CP will also file a management proxy circular in connection with the transaction with applicable securities regulators in Canada and the management proxy circular will be sent to CP shareholders. INVESTORS, STOCKHOLDERS AND SHAREHOLDERS OF KCS AND CP ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND MANAGEMENT PROXY CIRCULAR, AS APPLICABLE, AND ANY OTHER DOCUMENTS FILED OR TO BE FILED WITH THE SEC OR APPLICABLE SECURITIES REGULATORS IN CANADA IN CONNECTION WITH THE TRANSACTION WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT KCS, CP, THE TRANSACTION AND RELATED MATTERS. The registration statement and proxy statement/prospectus and other documents filed by CP and KCS with the SEC, when filed, will be available free of charge at the SEC’s website at www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the registration statement, proxy statement/prospectus, management proxy circular and other documents which will be filed with the SEC and applicable securities regulators in Canada by CP online at investor.cpr.ca and www.sedar.com, upon written request delivered to CP at 7550 Ogden Dale Road S.E., Calgary, Alberta, T2C 4X9, Attention: Office of the Corporate Secretary, or by calling CP at 1-403-319-7000, and will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by KCS online at www.investors.kcsouthern.com, upon written request delivered to KCS at 427 West 12th Street, Kansas City, Missouri 64105, Attention: Corporate Secretary, or by calling KCS’s Corporate Secretary’s Office by telephone at 1-888-800-3690 or by email at corpsec@kcsouthern.com. You may also read and copy any reports, statements and other information filed by KCS and CP with the SEC at the SEC public reference room at 100 F Street N.E., Room 1580, Washington, D.C. 20549. Please call the SEC at 1-800-732-0330 or visit the SEC’s website for further information on its public reference room. This webpage shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to appropriate registration or qualification under the securities laws of such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. PARTICIPANTS IN THE SOLICITATION OF PROXIES This webpage is not a solicitation of proxies in connection with the transaction. However, under SEC rules, CP, KCS, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the transaction. Information about CP’s directors and executive officers may be found in its 2021 Management Proxy Circular, dated March 10, 2021, as well as its 2020 Annual Report on Form 10-K filed with the SEC and applicable securities regulators in Canada on February 18, 2021, available on its website at investor.cpr.ca and at www.sedar.com and www.sec.gov. Information about KCS’s directors and executive officers may be found on its website at www.kcsouthern.com and in its 2020 Annual Report on Form 10-K filed with the SEC on January 29, 2021, available at www.investors.kcsouthern.com and www.sec.gov. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of such potential participants in the solicitation of proxies in connection with the transaction will be included in the proxy statement/prospectus and management proxy circular and other relevant materials filed with the SEC and applicable securities regulators in Canada when they become available.